Pandora hit with soaring royalty fees; Is shutting down their only option?
Written by admin on Sunday, August 17th, 2008 in devices and gadgets.

Pandora, the ad-supported internet radio service that builds stations off of your personal taste, may be shutting down in the near future. Due to high royalty costs from the labels, that may be their only option. According to the Washington Post, Pandora founder Tim Westergren doesn’t seem too confident the company will survive. “We’re approaching a pull-the-plug kind of decision…This is like a last stand for webcasting.” The Post mentioned that a whopping 70% of Pandora’s $25 Million in revenue this year will go to royalty fees. Representative Howard L. (Read the full post about ‘Pandora hit with soaring royalty fees; Is shutting down their only option?’…)
